Barclays plans contingent income autocallables tied to 3D Systems

By Marisa Wong

Madison, Wis., Dec. 4 – Barclays Bank plc plans to price contingent income autocallable securities due Dec. 8, 2017 linked to 3D Systems Corp. shares, according to a 424B2 filing with the Securities and Exchange Commission.

If 3D Systems shares close at or above the downside threshold level, 75% of the initial share price, on a quarterly determination date, the notes will pay a contingent payment of at least 4.5% for that quarter. The exact rate will be set at pricing.

The notes will be called at par of $10 plus the contingent coupon if 3D Systems shares close at or above the initial share price on any quarterly determination date other than the final determination date.

If the stock finishes at or above the downside threshold level, the payout at maturity will be par plus the final contingent coupon.

Otherwise, investors will receive a number of 3D Systems shares equal to $10 divided by the initial share price or, at the issuer’s option, the cash equivalent.

Barclays is the agent. Morgan Stanley Wealth Management is handling distribution.

The notes will price on Dec. 5 and settle on Dec. 10.

The Cusip number is 06742Y295.

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